Transactions - AUGUST 30, 2019

NorthPoint Development buys 184 acres, plans logistics center in Colorado

by Released

NorthPoint Development has closed on 185 acres of land that will be part of the site for Stafford Logistics Center, a 350-acre, 4.4 million-square-foot industrial and mixed-use development in Aurora, Colo.

Financial terms were not disclosed.

“The location of this property, coupled with the projected growth in Denver, Stafford Logistics Center provided the perfect opportunity for NorthPoint Development to enter into the Denver market. We are excited to partner with the Cushman & Wakefield team of Aaron Valdez, Tyler Smith and Alec Rhodes on this project,” said Johan Henrikson, vice president – development at NorthPoint Development.

NorthPoint has started construction already on a 598,500-square-foot warehouse that is slated for delivery in second quarter 2020.

Building 1 at Stafford Logistics Center will feature 136 trailer spaces, approximately 134 dock-high doors, four drive-in doors/ramps, 36-foot clear heights and ESFR sprinklers.

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